Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

10 Most Tax-Friendly States For Retired Taxpayers

May 31, 2021 · Retirement Life

7th Best: South Carolina

The downside: Like in the previous states, the sales taxes are not at all friendly. In South Carolina, however, the average combined state and local rate is 7.46%. Prescription drugs and groceries are still exempt.

Why it’s still a good place to move: There’s no state income tax on Social Security benefits, nor any estate or inheritance tax. There’s an exemption of up to $10,000 in retirement income, with a $3,000 for individuals under 65.

Single filers can also benefit from a $15,000 deduction from other taxable income, or a $30,000 deduction for joint filers. The cherry on top: below-average property taxes, with a median of $601 per $100,000 in assessed home value and the right to exempt the first $50,000 in property value for at least one year for former residents of the Palmetto State.

Pages: 1 2 3 4 5 6 7 8 9 10 11

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A senior woman looking thoughtfully at her phone in a bright, modern home office. 6 Social Security Scams You Need to Pay Attention to
  • A happy retired couple enjoying the sunset on a beautiful porch. 8 States to Retire For Less Than 45K a Year
  • A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town. 10 Countries to Retire Where $150K Is More Than Enough
  • A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work. 20 Great Part-Time Jobs For Retirees
  • A senior couple smiling while looking at a tablet in a bright, modern kitchen. 5 Crucial Medicare Changes Coming Soon
  • A senior couple happily unpacking groceries in a bright, modern kitchen. 9 Ways to Shop at Costco Without a Membership
  • A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement. 10 Best Places to Retire That Won't Break the Bank
  • An older man confidently using a laptop in a sunlit home office, symbolizing digital security. 7 Common Passwords To Avoid
  • A retired couple looking out a window in their bright, downsized modern home. 11 Mistakes to Avoid When Downsizing Your Home
  • A retired couple smiling on a balcony overlooking a scenic coastal village at sunset. 12 Best Countries to Live Perfectly Well on Social Security

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

Reasons You’ll Regret an RV in Retirement

Health Care Can Be a Hassle RV life is not only about beautiful sceneries and…

Read More →

10 Best and Worst Things to Do When Looking for a Place to Retire

4. Don’t Rule Out College Towns Seniors tend to move to senior communities, which is…

Read More →

10 Low-Cost Waterfront Places for a Perfect Retirement

Explore 10 low-cost waterfront places for a perfect retirement, featuring affordable coastal towns, tax-friendly states,…

Read More →

12 Ways to Identify Financial Abuse Against Seniors

An elderly man sits alone by a window, highlighting the isolation that makes seniors vulnerable…

Read More →

12 Most Affordable U.S. Cities Where You’ll Really Want to Retire

Luxury gated communities and private golf courses in Naples highlight the high cost of retiring…

Read More →

10 Best Places to Retire That Won’t Break the Bank

Amarillo, Texas  Amarillo gets a high ranking for livability, thanks to its low cost of…

Read More →

Did You Know About These 11 Medicare Essential Tips?

Medicare Offers More Free Preventive Services You know what they say, it’s easier to prevent…

Read More →
A senior couple reviews financial plans on a tablet in a bright, modern kitchen.

11 Social Security Mistakes That Could Ruin Your Retirement

Discover the most critical Social Security claiming mistakes, from triggering the earnings penalty to miscalculating…

Read More →

Should You Ever Stop Saving for Your Retirement? 8 Financial Considerations!

While Kids Are in College Some families help their children with college, some don’t. If…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.